New York wins biggest-ever transit commitment

U.S. Transportation Secretary Mary Peters traveled to New York City Dec. 18 to sign a Full Funding Agreement pledging $2.6 billion in federal aid to help pay for the East Side Access project—“the largest-ever federal investment in a single transit project,” according to the DOT. The total cost of the project, which will allow Long Island Rail Road trains to serve Grand Central Terminal as well as Penn Station, is estimated at more than $6.3 billion.

DOT said Secretary Peters also gave the Metropolitan Transportation Authority of New York the go-ahead to commit up to $693 million toward construction of New York City Transit’s Second Avenue Subway. New York hopes eventually to win a $1.3 billion federal commitment toward the first, $3.8 billion phase of the subway.

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Fonte: Railway Age

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